SBC (Small Business Corporation)

A Small Business Corporation (SBC) is a type of business structure that offers specific tax advantages and legal protections for small businesses. Typically, it allows owners to limit their personal liability while also benefiting from pass-through taxation, meaning profits are taxed at the individual level rather than the corporate level. SBCs often have restrictions on the number of shareholders and types of shareholders they can have, making them suitable for smaller, closely-held businesses. This structure helps entrepreneurs manage risk while simplifying tax obligations. It is important to consult with a professional to ensure it meets specific business needs.